Just noticed BTC bounced back to $80.8K today, but the charts still look shaky. A lot of people got wrecked when it dipped below $77K last week - liquidations hit half a billion in 24 hours alone. Mostly long positions getting wiped out. The whole market followed Bitcoin down, ETH dropped to $2.3K range too.

What's interesting is how similar this plays out to stock market corrections we've seen. When confidence drops, everything sells off together. Exchange inflows spiked, meaning people were moving coins to dump them. On-chain activity fell 15% week-over-week. Even institutional spot ETF volumes tanked 30%. That's the kind of signal that usually means more pain coming.

Technically we're still fragile. RSI was deep in oversold territory, MACD showed bearish crossovers. The real question is whether $75K and $72K hold or if we test $70K. If we bounce hard from here with volume, could be a false breakdown. But until we see conviction buying, I'm staying cautious. Risk management is everything in these volatile swings.